Results for
"mergers & acquisitions"

Private equity has discovered the financial advice industry, which can represent a whole new set of opportunities — and challenges — for advisory firms. "The appeal for us is, it provides some capital to help us continue to grow," said Scott...

The market for independent broker-dealer mergers saw its second sizeable deal in as many weeks as Kestra Financial Inc. said Tuesday it had acquired a 600 rep and adviser firm owned by insurance company H. Beck Inc. Terms of the deal were not...

Thrivent Financial, which manages and advises on $116.5 billion in assets, has acquired the assets of Ronald Blue & Co., an RIA firm in Atlanta managing $7 billion in assets. Terms of the acquisition were not disclosed. The RIA firm will become...

United Capital Financial Advisers announced the acquisition of three separate independent financial advisory firms, with $758 million in combined assets under management. The deals, marking United Capital's first this year, bring the Newport...

While slower than the torrid pace of consolidation in the first quarter, a near-record 38 RIA firm deals took place in the second quarter, according to the latest report from DeVoe & Co. The April-through-June total of mergers and acquisitions...

National Holdings' deal to acquire WFG Investments, an independent broker-dealer, has fallen apart. Wilson Williams, the chairman and CEO of Williams Financial Group, the parent of WFG, said in an interview on Monday that selling the firm's...

Mercer Advisors Inc., a Santa Barbara, California-based RIA managing $10.6 billion in assets through several firms, has acquired Wealth Design Services (WDS), a Rochester, New York-based RIA, which manages approximately $160 million in assets...

Consider this scenario: An adviser, let's call her "Nancy," has worked hard during her career to build a solid business. After decades, her practice has become everything she dreamed it would be: she has 100 loyal clients who respect and trust...

AssetMark Inc., a Concord, Calif.-based provider of investment and consulting services for advisers, has launched a free, online tool designed to help advisers determine the estimated value of their business. The tool also identifies areas of...

Mergers and acquisitions have the potential to accelerate the growth and profitability of financial advisory firms if they're properly planned and executed. To improve their likelihood of success, advisers need to ask some tough questions up...

Shares of Whole Foods Markets (WFM) soared 29% Friday on the news that Amazon (AMZN) would buy the company for $13.7 billion, but some of the funds — other than Vanguard — with the biggest stakes in the merger aren't exactly household names....

Against the backdrop of the relatively short history of modern financial planning, it appears there has never been a better time than now to be participating in this industry. Many of the things often identified as challenges, including regulatory...

RMB Capital, a diversified RIA firm headquartered in Chicago with more than $6.7 billion in assets under management, has acquired VennWell, a financial planning and investment management firm in Lake Forest, Ill., that manages $250 million in...

In its largest deal yet, RIA consolidator Focus Financial Partners has acquired a majority stake in the revenue stream of Boston-based SCS Financial, a $16.5 billion financial planning firm. The deal, which is Focus' 10th so far this year, represents...

Financial Independence, an independent advisory firm managing $420 million in assets, has changed its affiliation from National Planning Corp. to the FSC Securities subsidiary of the Advisor Group, Inc. The advisory firm, which is based in Bloomfield...

Just as 401(k) record keepers cry poverty, claiming there are no profit margins left and fueling consolidation, private equity has jumped in, perhaps seeing value that traditional record keepers are missing. What's causing this consolidation...

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